Sublime

Mini-Berkshires: My business partner was amazed to learn it was possible to invest in mini-berkshire type companies (micro-PE). He asked for a list. I whipped this up real quick and posted an article on my website. What did I get wrong? https://t.co/SfSb3RTaCm

BLOOMBERG ARTICLE ON SYSTEMIC RISK FROM PODS Some interesting points in this Bloomberg article on multi-manager funds. A couple points stood out to me, and there were a couple points I would add. What stood out: 1) PODS ARE BIG. 30% of HF GMV per GS report (does... See more

Thoughts on Private Equity tldr; Private Equity funds use highly optimistic assumptions. They only make their investors money when interest rates decline - like big, illiquid, leveraged shorts on Treasuries. It's gonna get ugly this decade with rising rates. Most people don't understand this. (excerpted from our 2023 S... See more

Here are the additional financial assumptions we make when considering the investment property: Acquisition costs are 6% of the purchase price Capital growth forecast is 7% per annum Expected rental yield is 3.5% per annum Property management fees are 7.7% per annum Occupancy rate is 92% (we have allowed 4 weeks vacancy each year) No depreciation h

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23) Canadian Pacific Railway $CP 10-yr Return: 247% Freight revenue per RTM tracks the sales generated per mile of transportation for each cargo ton 24) CBRE Group $CBRE 10-yr Return: 233% Workspace soluti... See more